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at the history of what has been done. there is a long history of using that debt limit as a moment to distract from the party in power. if we had an academic seminar on the impact of the that struggle and the fiscal policy, he would say that it was a negative thing. >> well, i have never until last year of august 2011, i have not seen any serious effort or serious threat made by the leadership of congress to refuse to give the secretary of treasury the ability to offer to meet obligations congress had adopted. i thought that was a new experience for us. it certainly was for me to see that happen. dr. zandi, you said you think that we need to repeal this law that tries to set a debt limit and concentrate more on taxing and spending policies that causes to raise the debt, as i understand? >> absolutely. it is a bad way to conduct policy. it is a problem. look at july and august of 2011. it was a mess. gdp downgraded the debt. it really had an impact. cbo is estimating the interest costs is costing us money. it is pretty clear that this is not going to get any better going forward. it will be wor
of us who had the privilege to serve with you. i hope and i pray that god will give you and your wife many, many more years of life and enjoyment because you have certainly earned it, because you have served not only the united states house of representatives, but you have served us, you have served the people of our districts as well as helping us be better members of congress. so with that i will close by asking god to please bless you and your family and may god continue to bless the house of representatives and jay pearson, you will be in our hearts until the day we die. god bless you. . mr. woodall: at this time, it's migrate pleasure to yield the gentleman from california, chairman of the ways and means health subcommittee, mr. herger. mr. herger: i thank my good friend. how wonderful it is to be able to sit here and listen to all these incredibly warm remarks from people who, like myself, know and love jay pearson. and there's a reason for that. jay, you're one of the best of the best. and i think, it's hard to believe that 26 years comes and goes so very, very quickly, but it
campaign. george burns used to joke that all you need to succeed in show business is sincerity. and if you can fake that, you got it made. [laughter] i think genuine authenticity is important, especially in a presidential candidacy. and barack obama is very authentic. that undergirded us in many ways, and even in this campaign. people felt comfortable with who he was. they were not going to be surprised by him. they knew what drove him. and they felt comfortable. >> another question from this side. >> after a the citizens united supreme court decision, there was a lot of worry about the effect this would have on campaigns, especially with the effect of super donors giving millions and millions of dollars to one campaign. i was wondering to what extent did super pacs affect both sides? are those fears -- how founded are they? how much have they come to light? i am wondering about your views in general. >> the thing to be hopeful about is that a billion dollars or so were spent and then a billion more on the wrong side. and we were able to win. hundreds of millions of dollars were spent agai
that received 53 democratic votes in the u.s. senate only two years ago and the spending reduction saket serious start toward reducing our deficit and protecting our national security. abs president a balanced offer from the president this is our best option and senate democrats should take up both of these measures immediately. the president has a choice mr. speaker, he can support these measures or be responsible for reckless spending and the largest tax hike in american history. and i yield back. >> thank you mr. speaker, what is unbalance sd the republican package that we see on the floor today. we already talked about the numbers of the republican plan b tax proposal which compared to going over the fiscal cliff and the senate alternative would actually provide millionaires with a $50,000 tax cut on average while 25 million american families will actually see a tax increase of $1,000 on average, including, mr. speaker, some of our soldiers on the front line in afghanistan today. and majority leader talked about doing the math. do the math on the tax plan because that's exactly what it shows
to thank all seven witnesses for bearing with us. my question is over a concern that i have in regard to the exchanges and the authority of the secretary in regard to will making. i am going to direct my questioning to the secretary of health services in wisconsin, mr. dennis smith, and hopefully we will be able to get all this done in five minutes. the recently released information regarding health care quality for exchanges on november the 27, it specifically mentions a section, 1311 of aca, which directs quality health plan issues and improvement strategies as directed by the secretary, specifically subsection 8 of 1311 would allow the secretary to prevent physicians treating patients in exchanges unless they implement such mechanisms to improve health care quality the secretary may require. physicians must follow quality directives as defined by the secretary or lose their business. mr. smith, are you aware of this provision? >> i am not familiar with that section. >> let me ask you this. in this provision, you may not know this either, but the word quality is not defined in the s
about sitting across from you is that, for all of us who have been part of the institute's staff, we are wondering what you been thinking, with this experience has been like for you over the last year-and-a-half, two years. so tonight, we get to hear for the first time your reaction to the campaign. >> thank you very much. i want to thank the in boyer for the support the university has given the institute politics, including making it possible for us to hire such extraordinary people like steve edwards and been restored and all of the other people -- and ben reeseberg and all the other people. [applause] you have been wondering what i have been doing and i have been wondering what you have been doing. [laughter] >> those who were disappointed by this outcome, the democrats elated by this outcome -- given the conventional wisdom around this campaign, the president's approval ratings that were barely above 50%, often dipping below it, the unemployment around 8%, gdp growth stock of around 2% -- the conventional wisdom was that should -- that this president should not be reelected. as y
a factory in china and sell cars. they can delay paying u.s. taxes on that indefinitely. but the money comes from the rent, as so-called passive income, they have to pay taxes on that immediately. this provision says if your a bank -- you can be late paying your taxes. it is going to be considered active income. it is quite valuable to them. it is kind of a gray area. in 1986 when they did big tax reform, they said that is active income and we should tax that money. host: we have been talking with sam goldfarb from cq roll call. thank you very much. >> explores the history and literary culture of all money -- of albany. tonight on c-span, a senate debate on the fiscal cliff. shaun donovan discusses it. harry reid and mitch mcconnell when back-and-forth on fiscal cliff issues and a proposal to raise the debt ceiling. here is part of their exchange. >> yesterday afternoon, i came to the floor and offered president obama's proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks ago before a potentially
. the second deadline that comes along as february 15, next year. that is when we have asked states to tell us they want to be a denture a partnership exchange. we will know more as far as how many work with us. >> thank you for being here and congratulations on the work in maryland. we are very proud of that. i wanted to ask you in view of the fact states will be making a judgment on whether they can stand up to a state based exchange, and another basis we will be looking at the partnership model, you spoke with your colleagues around the country who are making these decisions. what are the kinds of it zaidi's they express to you that you are able to say, look, there is a way to do this. rather it is a certain technical thing or the process of how you get a consensus behind it and get people comfortable moving forward, what are you saying to your colleagues who may be one to get there but are worried a little bit about it based on the maryland experience, it can give them some comfort and confidence they can do this? >> thank you for your question and your leadership in maryland. there is a l
you for joining us at this press conference. >> the obvious question that the american people were asking is, what is john bender working for. -- john john boehner waiting for it? the farmers are trying to recover from a tough crop year but john bender will not call a vote. what is john painter waiting for? -- john boehner waiting for? traditionally, we did not have a vote on this. we would not call this for pat -- passage. what is the comet -- waiting for when it comes to post a reformed? hal blog the delete soon for that bill? so that we would make the postal service still retains the very best in the world. the most obvious and top local question, what is he waiting for when it comes to tax breaks for working families across america? this is the reality we face? . we sent the bill to him that will protect 98% of american families and he will not call it on the floor. is he waiting for what is going to happen january 1 when consumer confidence is shaken across america, as everyone sees an increase in income-tax rates, including working families because he will not act? is he wait
Search Results 0 to 8 of about 9